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Possibility Space

Develops and sells independent, story-driven games

Overview

Possibility Space is a distributed game development studio that creates high-quality, immersive video games. Its remote-first team works from various locations, connected by systems that enable clear communication and collaboration. The studio blends indie craftsmanship with advanced technology to deliver games that emphasize genuine human experiences and personal resonance. Revenue comes from selling games, in-game purchases, and potential partnerships or licensing deals. Unlike many competitors, Possibility Space emphasizes an inclusive, globally sourced workforce and a focus on meaningful, human-centered experiences, rather than purely genre-driven trends. The company’s goal is to build a loyal community of players and attract top talent by delivering thoughtfully crafted games that balance intimate storytelling with ambitious scope.

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About Possibility Space

Simplify's Rating
Why Possibility Space is rated
D-
Rated D- on Competitive Edge
Rated D- on Growth Potential
Rated D- on Differentiation

Industries

Consumer SoftwareEntertainmentGaming

Company Size

51-200

Company Stage

Seed

Total Funding

$50M

Headquarters

New Orleans, LA

Founded

2021

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Simplify's take

What believers are saying

  • The studio attracted early backing from Transcend Fund and Louisiana economic development support in 2021.
  • Jeff Strain's ArenaNet and Undead Labs pedigree still signals strong founder credibility.
  • Distributed hiring proved compelling for remote talent seeking location freedom and healthier work arrangements.

What critics are saying

  • Possibility Space shut down in April 2024 after funding collapsed and employees were laid off.
  • Jeff and Annie Strain sued NetEase for $900 million in January 2025; litigation remains unresolved.
  • The company is effectively dead; no surviving studio, product, or financing path remains.

What makes Possibility Space unique

  • Jeff Strain founded Possibility Space in 2021 around a fully distributed studio model.
  • The studio pursued an ambitious social roleplaying platform, not a conventional single-player console title.
  • Prytania Media positioned Possibility Space as global talent infrastructure with New Orleans coordination.

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Funding

Total Funding

$50M

Above

Industry Average

Funded Over

2 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
$2.3M
$3M
$25M

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